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Usd could rise towards 113.76.

Usd could rise towards 113.76. | 03 July 2017

03 July 2017, USD/JPY

Technical levels:

Recently, Usd rose almost 80 pips after a rejection from the support line 111.86. Unless 111.86 is clearly breached to the lowerside with a big red candle, I expect a rise towards 113.76 and even a breakout. on the 4 hour chart above, long positions seems more ideal and can be recommended while the price is still above 111.86. I may consider short positions if 111.86 is broken, but as it is, I hold onto a bullish sentiment on this pair

Technical Leves

Resistance levels

R1: 112.77

R2: 113.41

R3: 114.52

Pivot

112.29

Support Levels

S1: 110.06

S2: 111.17
S3: 111.65
Trade Signal
Usd could rise towards 113.76.

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Imelda Maseno
Analyst of «FreshForex» company
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